Disclaimer - Lenders criteria is subject to changes at times.
Therefore site owner is not responsible for inaccuracies and
mistakes in this table of lender criteria. Please double check
in criteria with the lender before you make any decision

Paragon

Rental
Calculation

125 % at pay or reversion
rate (whichever is higher)

125% at pay rate

130 at 5.99%

125% at 5% or pay rate if
higher

125% at
6.75%

125% at pay rate or 125%
or 5.99% whichever is higher

125% at pay
rate of 4.99%
(whichever is higher)

125% at pay

rate

130% at 7%

Max Loan

£600,000 (75%)
1 Million (65%)

80% up to £350,000
65% £350k to £1M
50% £1m-£1.5m

£1 Million at 75%

£500,000 (70%)

£500,000
£1,000,000 - 70%

£500,000

70% up to £1Million

£350,000
£300,000 - new Build

£250,000

£500,000
(75% LTV
£500,001 - 1m (50% LTV)

£500,000 -
75%
£1,000,000 - 70%

Min Loan

£25,001

£25,0001

£ 25,001

£30,000

£15,000

£25,001

£25,000

£25001

£25,001

£30,000

Max Term (years)

30

35

40

40

25

25

25 years

40

30

35

25

Min Term (years)

10

5

5

5

5

3

3

5

5

None

5

Min. Lease (start)

60 years

55 years

70 years

n/a

80 years

n/a

70 years

80 years

Min. lease (end)

40 years

35 years

Refer

40 years

50 years

30 years at end

30 years at end

25 years at end

40 years

n/a

50 years

Ltd. company
applications?

No

No

No

No

No

No

No

2

No

No

yes

Max Applicants

2

2

4

4

2

4

4

2

5

4

4

Portfolio Limit

3 properties with Aldermere mortgages /
£1 Million

up to £5m

3 BTL in Lloyds group
plus 1 main residence, lending limit of £2M

4 properties (regardless of lender)/£1.25m

£1m or 5 properties with
Paragon Group

N/A

£3m / 10 properties

10 properties

5 properties at
£500,000

3 with Coventry BS Group
(subject to £1m Limit) - 10 Mortgaged properties in
total

£5m with
paragon Group

Portfolio Limit

Unlimited outside of group

Unlimited outside of group

n/a

Unlimited outside of group

Unlimited outside of group

£10 Million with Platform Co/op

Unlimited outside group

Lease created for
(months)

n/a

Refer

unknown

n/a

Refer

6 months

Refer

Refer

Refer

n/a

Refer

Guarantors?

No

No

No

no

no

No

Yes - refer

No

No

No

No

Builder deposit
accepted?

Max 5%

No

5%

No

PP less deposit

No

Yes - but loan calculated on purchase price less
deposit

Yes loan with incentives

Yes - But loan calculated
on purchase price less deposit

Yes - applicant has to
match discount

PP less deposit

Vendor deposit Accepted

max 5%

No

No

No

PP less deposit

No

No

No

yes But loan
calculated on purchase price less deposit

No

PP Less
deposit

Family gifted
deposit accepted?

No

Yes

Refer

No

Yes - non repayable

Yes

yes

Yes

Yes

Yes

Yes - Nonrepayable

Overpayments

5%

10%

10%

Yes

no

10%

10%

10% Max up to £1000 per months
/ Any on No ERC products

No

Normally 5%

No

Offers valid for
(months)

80 days

3 months

1 year (but not valuation or rate)

3 months

2 months

3 months

16 weeks (8 week extensions x 3)

90 days

6 months

6 months from application

2 months

Remortgage after
(months)

9 months

6 months

6 months

6 months

6 months

6 months

Day 1 against original purchase price or
valuation, whichever is lower

6 months

6 months

6 months

6 months

Booking Fee

£0

0

£199

£99

No

£99

£89

Some products

£250
non-refundable on application

£150

Completion Fee

n/a

£0

£275

n/a

£0

No

£0

£0

Some Products

Added to loan

£0

Can pay an
arrangement upfront?

n/a

No

No

Yes

Yes

Yes

Yes

Yes

No - but can be paid within
14 days of completion

Yes

Must pay arrangement
fee up front?

No

No

No

No

No

Yes

No

No

No

No

Arrangement Fee
added to loan?

Yes

Added to loan

Yes

Yes

Added to loan

Yes

Can be added

Yes

yes

Can be added

Min. Value

£75,000

£50,000

£40,000

£50,000

£75,000

£50,000

£40000

£75,000

£50000
(75,000 in London

£33,333

£75,000

Ex-local flat?

No

Yes - max 4 stories

Yes (refer to Colleys)

Yes

No

Yes

Yes - if more than 50% of block is privately

No

Yes - no higher than 5
stories

Yes 70% LTV

No

New Build flat?

No

65%

65%

yes

Refer

65%

Max 70%

No

60%

Yes - 50 LTV (up to 3 years
old)

Refer

Lenders

Aldemere

TMW

BM Solution

Leeds

Mortgage Trust

Natwest

Northern Rock

Platform

Principality

Godiva

Paragon

Ex-local house?

Yes

Yes

Yes

Yes

No

Yes

Yes - if more than 50% of area is privately
owned

Yes

Yes

Yes - 70% LTV

Refer

New build house?

Yes

Yes - valued as 2nd hand

65%

Yes

Refer

Yes

Max 70%

75%

60%

Yes - 50% LTV (up to 3
years old)

Refer

Studio flat?

No

30m2

Yes (refer to Colleys)

No

30m2

Yes

No - but refer to BDM if high quality

Yes

No

No

30m2

Flat above
commercial

Refer

Refer to lender

Yes (refer to Colleys)

No

Refer

Yes

No - But refer to BDM if high

Refer

Refer

Refer to Valuer

Refer

Scottish/ N.I.
properties

No

Yes/No

Yes/Yes

Yes/no

No

Yes/No

Yes/Yes

Yes/No

Refer

Yes/Yes

Refer

Max beds

Refer

4 - refer if more

5

5

refer

N/A

Refer

Refer

No
Refer

Refer to Valuer - no HMO

20

Max. storeys in
block

No maximum as long as block has a lift over 4
stories

N/a - as long in a good block

9 (may be more depending on area)

Refer

4 (maybe more within Greater London)

N/A

4 - but refer if good quality in town centre

4

Only restricted on ex-local
authority

10 (including any ground
floor parking) - flats on 5th storey and above in block without lift
access not acceptible

4 (maybe more if within
London)

Min. applicant age

21 existing landlord
25 Full Time landlord

21

25

21

21

18

21

25

21

21

21

Max. applicant age

85 (at end of mortgage term)

90 (at end of mortgage term)

75 (at end of mortgage term)

70 on application, 80 at end of term

65 on application, 80 at end term

70

68 on application, 75 at end of term

70

70 at end of term

75 (at end of mortgage
term)

65 on application, 80 at
end of term

Min. income

No minimum income for experienced landlords,£25
for full time landlords

£0

£25,000

£20,000

£40,0000 (joint)

total debt must not exceed
8x earned income

£25,000 - combined

£20000

£20,0000

£25,000 -
single £30,000

£25,000

Evidence required?

Yes

N/A

Yes

Yes

May require proof

yes

Yes

No

Yes

Yes

Yes

Min. time employed

3 months with current employer (1 year
continuous employment

N/A

3 months with current employer (1 year continous
employment)

6 months

6 months

6 months

N/a - refer for new starters, employers
reference applied for if less than 6 months.

6 months

Refer

3 months

6 months

Min. time in self
employment

2 years

N/A

2 years

3 years

2 years

2 years

3 years (2 years accounts or SA302s required)

6 months

Refer

Require 1 year SA302 or 2
years account for limited company

2 years

Credit reference
agency used FTBs?

Experian

Equifax

Experian

Equifax

Equifax

Equifax

Experian

Experian

Experian

Equifax

Equifax

First time
investors?

No

No

No

Yes

No

Yes

Yes

Yes

No

No

No

Ex-pats?

No

No

First time Investors

No

No

No

No

No

No

No

No

Foreign nationals?

Yes (must be residing in UK for 2 years and have
permanent rights to reside

Yes - must be residing in the
UK for 3 years
and have permanent rights to reside)

Yes (3 years remaining on work permit and have
lived here for 3 years)